All articles by Ian Silvera – Page 7
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Article
European Parliament votes down bonus cap for fund managers
The European Parliament has voted down the proposal to include a bonus cap of 100% of salary for fund managers.The prospective cap was intended to follow reward limitations placed on bankers by the Parliament earlier in 2013.However, Members of European Parliament (MEPs) decided against passing the measure in the Undertakings ...
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BGL Group re-launches free health checks for UK staff
Insurer BGL Group has re-launched free health checks for employees across its UK sites.The ‘Know your numbers’ annual review monitors important health indicators, including height, weight and body mass index (BMI) to body fat percentage, waist size, blood pressure, blood glucose and total cholesterol. More than 650 employees booked a ...
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Article
Bupa launches dental care for SMEs
Bupa has extended its dental care product to small and medium-sized enterprises (SMEs).The Bupa Dental Health Plan, which provides cover for treatment at Bupa dental centres, offers employees routine dental care, including check-ups, scale and polish appointments, and any necessary x-rays.The plan also provides:A 20% discount on general dental treatment ...
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Article
Police pensions could be cut for misconduct
Police officers who commit serious misconduct should have their pensions cut, according to a group of MPs.The Home Affairs Select Committee has called for the College of Policing to establish a scale of fines, which could be docked from officers’ pensions in cases of the most grave misconduct.Its Leadership and ...
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Article
Royal Mail pay proposals rejected
Postal unions have rejected a 8.6% pay rise over three years for 125,000 Royal Mail employees.The Communication Workers Union (CWU) rejected the organisation’s proposals on pay and conditions for a number of reasons. It felt:The pay element in isolation does not meet with the terms of CWU policy for an ...
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Article
British employees happy with work-life balance
Almost two-thirds (59%) of respondents are happy with their work-life balance, according to research by recruitment firm Randstad UK.The Randstad work-life balance survey, which questioned 2,000 employees, found that those in the south-east of England, Yorkshire and the Humber are most happy with their work-life balance, with 64% saying they ...
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AnalysisHow employers can promote heart health in the workplace
If you read nothing else, read this…Coronary heart disease (CHD) is the UK’s biggest killer, causing 82,000 deaths per year according to the NHS.The number of working age adults living with CHD in the UK is estimated at 800,000.Employers can help to to prevent the causes of heart disease by ...
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Case Studies
Stagecoach UK employees benefit from health drive
The voluntary heart health screening project was offered in partnership with independent hospital provider BMI Healthcare.June Ashton, HR manager for the Stagecoach Group’s UK division, says: “Our chief executive, Sir Brian Souter, came up with the idea after speaking to a cardiologist. He personally funded half of the project because ...
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Article
UK salaries dip to November 2012 levels
Salaries in the UK dipped last month to levels last seen in November 2012, according to research by recruitment website Reed.co.uk.The Reed salary index tracks the number of job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set according to the ...
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Article
HCML launches mental health intervention product
Rehabilitation and case management provider Health and Case Management (HCML) has launched a professional case management product to combat workplace absence and reduced productivity caused by mental health issues.It’s The Time To Talk service aims to manage employees’ recovery with intensive intervention to help them stay at, or return to, ...
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Article
Your Housing Group launches salary sacrifice car scheme
Your Housing Group has introduced a salary sacrifice car scheme for all of its permanent employees.The tax-efficient scheme, provided by Lex Autolease, gives the social housing association’s employees the opportunity to add up to two additional drivers to the scheme.The monthly cost covers all normal running costs, such as insurance, ...
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Article
Third of respondents unaware of employer's sick pay policy
Nearly 30% of respondents had no idea what their employer will pay them if they have to take sick leave, according to analysis by not-for-profit insurer PG Mutual.The research, which analysed the previously unpublished Pharmacists’ Defence Association (PDA) Survey 2012, which questioned 830 PDA members, found that UK employees are ...
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Article
Doosan to launch online total reward statements
Energy organisation Doosan Power Systems is to launch online total reward statements for its 1,800 permanent UK employees.The statements, which will be launched in September, will replace the paper statements that the employer has issued since 2005.The statements will be hosted and accessed online via Benefex’s RewardHub portal.Nicky McArthur, HR ...
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Article
Zurich enhances corporate savings website
Zurich has launched a revamped information website for members of its corporate savings schemes.The site is designed to help members save towards their retirement and manage other savings products, such as individual savings accounts (Isas) and investment accounts.It includes videos, calculators, animations, tools and guidance to help members understand the ...
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Article
Nest to invest in commercial property
The National Employment Savings Trust (Nest) is to add commercial property to its investment strategy. The organisation has awarded Legal and General Investment Management (LGIM) two real estate mandates.The mandates are intended to provide access to an asset class capable of delivering long-term and sustainable growth for Nest pension scheme ...
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Article
L&G master trust awarded PQM Ready
Legal and General (L&G) has received the Pension Quality Mark (PQM) Ready accreditation for its master trust pension scheme.PQM Ready was set up by the Pension Quality Mark, the independent standard that recognises good-quality defined contribution (DC) pensions.To receive PQM Ready accreditation, multi-employer pensions and master trusts need to show, ...
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Article
Servier Laboratories appoints Aon Hewitt
Servier Laboratories has appointed Aon Hewitt to provide advisory services for its hybrid pension scheme. The pharmaceutical business has 1,000 employees in its £60-million hybrid scheme, which has legacy defined benefit (DB) arrangements and ongoing defined contribution (DC) benefits.Aon Hewitt will provide actuarial, administration, investment, secretarial and DC advice and ...
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Article
Retirement planning still an issue among staff
Nearly a quarter (23%) of respondents have not thought about how they will survive financially when they retire, according to research by Capita Employee Benefits. Its 2013 Spring Capita Employee Benefits survey, which was conducted by Research Now and questioned more than 3,000 employees, found that this response was highest ...
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Article
Maternity leave a concern among working mothers
Nearly half (42%) of respondents are uneasy about their employer’s reaction when they tell them they are pregnant, according to research by QualitySolicitors.Its research, conducted by OnePoll among 1,000 working women who have a child, are considering pregnancy or see it as a possibility, found that 78% of respondents did ...
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Article
Seven-year sharesave schemes to be abolished
Seven-year savings periods under sharesave schemes are due to be abolished from 23 July.HM Revenues and Customs (HMRC) has not made an official announcement of the change, but has informed sharesave providers that the current prospectuses will not apply from 23 July.Seven-year sharesave contracts will remain available under invitations sent ...